Custodia Bank of Wyoming has filed a petition with the Tenth Circuit Court of Appeals to reconsider the Federal Reserve's decision to deny its primary account opening application, arguing that the denial was based on a negation of state legislative authority. This lawsuit reveals the conflict between state-led financial innovation and federal regulation, which could influence other states' policy attitudes toward the crypto financial sector.

【Crypto World】Dubai Multi Commodities Centre (DMCC) recently announced a strategic partnership with a leading crypto trading platform, which could be a key move in integrating traditional trade systems with blockchain infrastructure.
The core of the collaboration? It's about how to bring commodities like gold, diamonds, energy, and agricultural products onto the blockchain. DMCC's trading scope is quite broad, and its status as a global trade hub is not to be underestimated. This partnership isn't about launching a bunch of new tokens immediately, but rather about experimenting with practical application scenarios—such as issuing and managing commodity tokens, asset custody, providing liquidity support, and whether digital assets can be used as a payment method within the DMCC platform and member enterprises.
In simple terms, the current system for trading bulk commodities still relies on old methods, with long settlement cycles, high capital occupation, and limited transparency. If real assets can be moved onto the blockchain, the settlement time

【Crypto World】Recently, market activity has significantly increased. A leading exchange has added an XRP/USD1 direct trading pair, providing investors with a convenient way to interact indirectly between the USD stablecoin with a market cap of 27.1 billion USD and fiat currency. Meanwhile, a compliant derivatives platform has accelerated its product expansion, with US perpetual futures for popular altcoins like SHIB now available, offering institutional and retail investors more standardized leverage trading options.
There are also new developments in the token ecosystem. The privacy token NIGHT in the Cardano ecosystem recently entered the top 100 by market cap, currently ranking around 61st. Although its price has been pressured downward to $0.0566 (a 10.4% drop in 24 hours), market interest remains high — its 24-hour trading volume reached $1.6 billion, reflecting ongoing market attention to this emerging privacy asset.

[Crypto World] An interesting phenomenon has emerged. The fund flow for Chainlink is a bit different—since the Grayscale LINK ETF was launched in early December, there have been no outflows, with a net inflow of $54.69 million. Sounds pretty hot, right? But what about the price? Over the past month, it has actually fallen 11.1%, and the current trading price is $12.78.
Even more interesting is the activity on the wallet side. The top 100 large holders have been quietly buying since November last year, accumulating a total of 20.46 million LINK, with the market value of these assets reaching $263 million. In other words, institutions are quietly accumulating, but the market price hasn't kept up much.
This situation of "institutions increasing holdings while prices are in a correction" may indicate that LINK is undervalued. Analysts' views also point in the same direction—the support from US regulators for pilot tokenized assets, along with LINK's role in stablecoins and

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【Blockchain Rhythms】It's quite interesting. Recently, a major contract trading platform made a big move—spending $2 million to buy back WXT tokens, acquiring over 72.57 million tokens at an average price of 0.027559 USDT. Why did they do this? Simply put, it's to thank users for their enthusiastic support during the "contract mining" event.
This mining activity has been running since November 26, and user participation has been extremely enthusiastic. Seeing this enthusiasm, the platform decided to extend the event until December 25, giving everyone enough time to continue earning rewards. The mechanism is quite straightforward—by signing up for contract trading, the larger your trading volume, the higher the WXT fee rebate ratio, which can reach up to 30%.
Looking at the performance of the WXT token itself, it’s even more interesting. Since its launch in July last year, it has surged by over 358%, which is really impressive. Moreover, the platform has conducted three buyback and burn events, destroying the WXT tokens.